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by the IRS or U.S. government. Should the accounting-client
privilege be expanded (as it is in law and medical fields)? Why or
why not? If the accounting- client privilege were to be expanded, how
would that affect the accountant’s whistle-blowing responsibility?
4) Conclude your paper with a discussion of priority. Accountants are
liable to a variety of individuals/groups: clients, government,
shareholders, community, etc. What or who should take priority?
Obviously, accountants have a responsibility to obey the law, but
where does priority lie beyond the rules and regulations? For
example, consider a situation in which a company has organized their
books in a way that does not technically break the law, but that could
be confusing to investors/shareholders. A scenario such as this
involves each of the three major parties to which the accountant is
liable. Find a real-life example to support your conclusion.
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